High-involvement investment options

If you’re a confident investor and want a hands-on role in managing your investment, these options are for you.

If you’re choosing an investment option, make sure it’s suitable for your circumstances and level of risk you’re comfortable with.

Please note: As well as the options below, your employer may also offer different investment options specific to their scheme. For details of what these investment approaches are, check the information they’ve given you about their scheme.

Things to consider

  • Self-style and Phased Switching investment approaches are pre-determined investment paths on which we’ll automatically move your money between specified funds.
  • We will automatically move your money on set dates, regardless of market performance and economic conditions at that time. As a result, it may not move at a time that gives you the best return on your investment.
  • These investment approaches work based on the age you’ve told us you want to retire at. If you decide to take your retirement benefits from your pension pot earlier or later than your chosen retirement age, it may be worth reviewing how your money is invested.
  • If you intend to change the way you take your retirement benefits or how you invest your money, we recommend you speak to a financial adviser to go over your investment choices.
  • If you’re close to your chosen retirement age, there may be less chance for investment growth because you have less time to invest.
  • Because you should aim for growth in the early years, and we aim to prepare for your retirement in later years, you could receive a lower return from the funds we move your money into than from the funds you were previously invested in. There’s also a greater possibility that the investment returns on the funds we move your money to may not cover your charges.
  • Please remember, the value of your pension pot can go down as well as up, and is not guaranteed - you might get back less than the amount paid in.
  • Whether a Self-style or Phased Switching investment approach is right for you will depend on your individual circumstances, so we recommend you speak to a financial adviser.

What is a Self-style investment approach?

In a nutshell, it’s a pre-determined investment path. In the early years it gives you the freedom to make your own fund choices - but with the reassurance that, as you get closer to your chosen retirement age, we’ll move your money into different types of funds. In other words, it’s a way of investing for your retirement without having to be too hands-on in managing your pension investments.

Growth in the early years

In the early years (typically more than 5 years to your chosen retirement age) you can choose which funds to invest your money in. Typically this phase should aim to grow your pension pot over the long term.

Focus on your retirement plans in later years

As you get closer to your chosen retirement age, we will automatically and gradually move your money into different types of funds which are designed to prepare your pension pot for how you intend to take your retirement benefits.

1. Self-style Annuity approach

Objectives

In the early years, you can choose the overall objective but typically it should aim to grow your pension pot. In later years it is designed to prepare your pension pot for:

  • buying an income for your lifetime (known as an annuity) at your chosen retirement age.

Please note: At your chosen retirement age you will have a number of retirement options, (even if you remain invested in this lifestyle approach), however this lifestyle investment approach has been designed to prepare for the particular retirement options shown above.

This approach is not designed to prepare for:

  • taking some of the money as and when you need it, either as cash sums or as flexible income (known as income drawdown)
  • withdrawing all the money in your pension pot or
  • leaving your money where it is and making your choices later.

How it works

This investment approach goes through up to three stages, depending on how long you have left before your chosen retirement age when you start using it. To find out whether this option is available under your plan please visit www.aviva.co.uk/retirement/fund-centre/other-investment-options.html or check your policy documents.

If you have more than 10 years before your chosen retirement age:

Stage 1: at the start

In the early years (up to 10 years before your chosen retirement age), the approach invests your money in 1-2 funds of your choice, which should typically aim to grow your pension pot. If you choose two funds you’ll need to tell us how you want to split your money between them (e.g. 50/50%, 65/35%). The risk rating of the fund(s) depends on the funds you choose.

Stage 2 (optional): ten years before your chosen retirement age

We’ll invest any new payments in 1-2 different funds of your choice. The aim of this stage is to allow you the opportunity to try to lower the risk to your pension pot, but will depend on the funds you choose. During this time, we’ll also gradually move your existing investment across month-by-month. Or you can continue with your original fund(s) choice.

Stage 3: between seven and three years before your chosen retirement age (you choose)

You have two options:-

  1. You can invest 100% of any new payments into the Aviva Long Gilt fund, a medium to high risk fund which aims to help protect the level of income you could get when you reach your chosen retirement age. We will also gradually move the rest of your investment into this fund too; or
  2. You can invest 75% of any new payments in the Aviva Long Gilt fund, a medium to high risk fund which aims to help protect the level of income you could get when you reach your chosen retirement age, and 25% of your new payments into the low risk Aviva Deposit fund, which aims to help protect the portion of your pension pot that can be taken tax free. We’ll also gradually move your existing investment across to these two funds.

Please remember, the value of your pension pot can go down as well as up, and is not guaranteed. This means you might get back less than the amount paid in.

Please note: You can’t join this lifestyle approach if you have 5 or fewer years to your chosen retirement age.

The diagram below shows how your payments are invested over the three stages.

We’ll write to you before we start moving your money – and you can change your investment choice at any time.

For more information visit our online investment centre at www.aviva.co.uk/retirement/fund-centre/other-investment-options.html

How the approach works

Stage 1
At the start (but only if you have more than 10 years before your chosen retirement age)
Stage 2
Ten years before your chosen retirement age (if you have been using this approach prior to this time)
Stage 3
Seven to three years before your chosen retirement age (if you have been using this approach prior to this time)
All new payments
Fund A
All new payments
Fund A
100% of new payments
e.g. Aviva Property Fund New fund e.g. Aviva Mixed Investment (0-35% Shares) Fund Aviva Long Gilt fund
Fund B (optional) Fund B (optional) OR
75% of new payments
e.g. Aviva UK Equity Fund New fund e.g. Aviva Mixed Investment (40-85% Shares) Fund Aviva Long Gilt fund
The rest of your pension pot 25% of new payments
Moved monthly into these funds Aviva Deposit fund
OR The rest of your pension pot
Continue with original funds for new payments and existing investment. Moved monthly (at the same percentages if applicable) into each fund

Is this your workplace pension scheme’s default investment?

If your employer is using this approach as the default investment for their scheme, your employer will have picked which funds to use, as well as when your money will be switched between them.
For full details, please ask your employer or read your policy information.

2. Self-style Drawdown approach

Objectives

In the early years, you can choose the overall objective but typically it should aim to grow your pension pot. In later years it is designed to prepare your pension pot for flexible access at your chosen retirement age:

  • taking some of the money as and when you need it, either as cash sums or as flexible income (known as income drawdown) or
  • leaving your money where it is and making your choices later.

Please note: At your chosen retirement age you will have a number of retirement options, (even if you remain invested in this lifestyle approach), however this lifestyle investment approach has been designed to prepare for the particular retirement options shown above.

This approach is not designed to prepare for:

  • withdrawing all the money in your pension pot
  • buying an income for your lifetime (known as an annuity) at your chosen retirement age.

How it works

This investment approach goes through up to three stages, depending on how long you have left before your chosen retirement age when you start using it. To find out whether this option is available under your plan please visit www.aviva.co.uk/retirement/fund-centre/other-investment-options.html or check your policy documents.

If you have more than 10 years before your chosen retirement age:

Stage 1: at the start

In the early years (up to 10 years before your chosen retirement age), the approach invests your money in 1-2 funds of your choice, which should typically aim to grow your pension pot. If you choose two funds you’ll need to tell us how you want to split your money between them (e.g. 50/50%, 65/35%). The risk rating of the fund(s) depends on the funds you choose.

Stage 2 (optional): ten years before your chosen retirement age

We’ll invest any new payments in 1-2 different funds of your choice. The aim of this stage is to allow you the opportunity to try to lower the risk to your pension pot, but will depend on the funds you choose. During this time, we’ll also gradually move your existing investment across month-by-month. Or you can continue with your original fund(s) choice.

Stage 3: between seven and three years before your chosen retirement age (you choose)

You have two options:-

  1. You can invest 100% of any new payments into the Aviva Diversified Assets Fund I, a low to medium risk fund which aims to help minimise fluctuations in the value of your pension pot. We will also gradually move the rest of your investment into this fund too; or
  2. You can invest 75% of any new payments in the Aviva Diversified Assets Fund I, a low to medium risk fund which aims to help minimise fluctuations in the value of your pension pot, and 25% of your new payments into the low risk Aviva Deposit fund, which aims to help protect the portion of your pension pot that can be taken tax free. We’ll also gradually move your existing investment across to these two funds.

Please remember, the value of your pension pot can go down as well as up, and is not guaranteed. This means you might get back less than the amount paid in.

Please note: You can not join this lifestyle approach if you have 5 or fewer years to your chosen retirement age.

The diagram below shows how your payments are invested over the three stages.

We’ll write to you before we start moving your money – and you can change your investment choice at any time.

For more information visit our online investment centre at www.aviva.co.uk/retirement/fund-centre/other-investment-options.html

How the approach works

Stage 1
At the start (but only if you have more than 10 years before your chosen retirement age)
Stage 2
Ten years before your chosen retirement age (if you have been using this approach prior to this time)
Stage 3
Seven to three years before your chosen retirement age (if you have been using this approach prior to this time)
All new payments
Fund A
All new payments
Fund A
100% of new payments
e.g. Aviva Property Fund New fund e.g. Aviva Mixed Investment (0-35% Shares) Fund Aviva Diversified Assets Fund I
Fund B (optional) Fund B (optional) OR
75% of new payments
e.g. Aviva UK Equity Fund New fund e.g. Aviva Mixed Investment (40-85% Shares) Fund Aviva Diversified Assets Fund I
The rest of your pension pot 25% of new payments
Moved monthly into these funds Aviva Deposit fund
OR The rest of your pension pot
Continue with original funds for new payments and existing investment. Moved monthly (at the same percentages if applicable) into each fund

Is this your workplace pension scheme’s default investment?

If your employer is using this approach as the default investment for their scheme, your employer will have picked which funds to use, as well as when your money will be switched between them.
For full details, please ask your employer or read your policy information.

What is a Phased Switching investment approach?

In a nutshell, it’s a pre-determined investment path. In the early years it gives you the freedom to make your own fund choices - but with the reassurance that, as you get closer to your chosen retirement age, we’ll move your money into different types of funds. In other words, it’s a way of investing for your retirement without having to be too hands-on in managing your pension investments.

Growth in the early years

In the early years (normally more than 5 years to your chosen retirement age) you can choose which funds to invest your money in. Typically this phase should aim to grow your pension pot.

Focus on your retirement plans in later years

As you get closer to your chosen retirement age, we will automatically and gradually move your money into different types of funds which are designed to prepare your pension pot for how you intend to take your retirement benefits.

3. Phased Switching Annuity approach

Objectives

In the early years, you can choose the overall objective but typically it should aim to grow your pension pot. In later years it is designed to prepare your pension pot for:

  • buying an income for your lifetime (known as an annuity) at your chosen retirement age.

Please note: At your chosen retirement age you will have a number of retirement options, (even if you remain invested in this lifestyle approach), however this lifestyle investment approach has been designed to prepare for the particular retirement options shown above.

This approach is not designed to prepare for:

  • taking some of the money as and when you need it, either as cash sums or as flexible income (known as income drawdown)
  • withdrawing all the money in your pension pot or
  • leaving your money where it is and making your choices later.

How it works

This investment approach goes through two stages. You can not start this investment approach if you have 5 or fewer years to your chosen retirement age. To find out whether this option is available under your plan please visit www.aviva.co.uk/retirement/fund-centre/other-investment-options.html or check your policy documents.

If you have more than 5 years before your chosen retirement age:

Stage 1: at the start

In the early years (up to 5 years before your chosen retirement age), the approach invests your money in up to 50 funds of your choice, which should typically aim to grow your pension pot. You’ll need to say how you want to split your money between the funds you choose. The risk rating of the fund(s) depends on the funds you choose.

Stage 2: five years before your chosen retirement age

We’ll gradually move your existing pension pot each month into the funds below. You have two options (unless this is the default option for your scheme, in which case your employer will have selected the fund(s) for you):-

  1. move all your existing pension pot into the Aviva Long Gilt fund, a medium to high risk fund which aims to help protect the level of income you could get when you reach your chosen retirement age. Your new payments will continue to be invested in the funds you originally chose; or
  2. move all your existing pension pot 75% into the Aviva Long Gilt fund, a medium to high risk fund which aims to help protect the level of income you could get when you reach your chosen retirement age, and 25% in the Aviva Deposit fund, which aims to help protect the portion of your pension pot that can be taken tax free. Your new payments will continue to be invested in the funds you originally chose.

Please remember, the value of your pension pot can go down as well as up, and is not guaranteed. This means you might get back less than the amount paid in.

Please note: You can’t join this investment approach if you have 5 or fewer years to your chosen retirement age.

The diagram below shows how your payments are invested over the two stages.

We’ll write to you before we start moving your money – and you can change your investment choice at any time.

For more information visit our online investment centre at www.aviva.co.uk/retirement/fund-centre/other-investment-options.html

How the approach works

Stage 1
At the start (but only if you have more than 5 years before your chosen retirement age)
Stage 2
Five years before your chosen retirement age (if you have been using this approach prior to this time)
New Payments New Payments
Up to 50 funds of your choice Continue with original fund(s)
The rest of your pension pot The rest of your pension pot
Moved monthly into either:
Will remain in the funds you have chosen 100% into Aviva Long Gilt fund
OR
75% into Aviva Long Gilt fund
25% into Aviva Deposit fund

Is this your workplace pension scheme’s default investment?

If your employer is using this approach as the default investment for their scheme, your employer will have picked which funds to use, as well as when your money will be switched between them.
For full details, please ask your employer or read your policy information.

Please be aware that the value of investments can go down as well as up, so the value of your pension could be less than the amount paid in. As this investment approach works automatically and your money is moved on set dates, it may not move at a time that would give you the best return on your investment. We’ll write to you before we start moving your funds - and you can change your investment choice at any time.

4. Phased Switching Drawdown approach

Objectives

In the early years, you can choose the overall objective but typically it should aim to grow your pension pot. In later years it is designed to prepare your pension pot for flexible access at your chosen retirement age:

  • taking some of the money as and when you need it, either as cash sums or as flexible income (known as income drawdown) or
  • leaving your money where it is and making your choices later.

Please note: At your chosen retirement age you will have a number of retirement options, (even if you remain invested in this lifestyle approach), however this lifestyle investment approach has been designed to prepare for the particular retirement options shown above.

This approach is not designed to prepare for:

  • withdrawing all the money in your pension pot
  • buying an income for your lifetime (known as an annuity) at your chosen retirement age.

How it works

This investment approach goes through two stages. You can not start this investment approach if you have 5 or fewer years to your chosen retirement age. To find out whether this option is available under your plan please visit www.aviva.co.uk/retirement/fund-centre/other-investment-options.html or check your policy documents.

If you have more than 5 years before your chosen retirement age:

Stage 1: at the start

In the early years (up to 5 years before your chosen retirement age), the approach invests your money in up to 50 funds of your choice, which should typically aim to grow your pension pot. You’ll need to say how you want to split your money between the funds you choose. The risk rating of the fund(s) depends on the funds you choose.

Stage 2: five years before your chosen retirement age

We’ll gradually move your existing pension pot each month into the funds below. You have two options (unless this is the default option for your scheme, in which case your employer will have selected the fund(s) for you):-

  1. move all your existing pension pot into the Aviva Diversified Assets Fund I, a low to medium risk fund which aims to help minimise fluctuations in the value of your pension pot. Your new payments will continue to be invested in the funds you originally chose; or
  2. move all your existing pension pot 75% into the Aviva Diversified Assets Fund I, a low to medium risk fund which aims to help minimise fluctuations in the value of your pension pot, and 25% in the Aviva Deposit fund, which aims to help protect the portion of your pension pot that can be taken tax free. Your new payments will continue to be invested in the funds you originally chose.

Please remember, the value of your pension pot can go down as well as up, and is not guaranteed. This means you might get back less than the amount paid in.

Please note: You can not join this investment approach if you have 5 or fewer years to your chosen retirement age.

The diagram below shows how your payments are invested over the two stages.

We’ll write to you before we start moving your money – and you can change your investment choice at any time.

For more information visit our online investment centre at www.aviva.co.uk/retirement/fund-centre/other-investment-options.html

How the approach works

Stage 1
At the start (but only if you have more than 5 years before your chosen retirement age)
Stage 2
Five years before your chosen retirement age (if you have been using this approach prior to this time)
New Payments New Payments
Up to 50 funds of your choice Continue with original fund(s)
The rest of your pension pot The rest of your pension pot
Moved monthly into either:
Will remain in the funds you have chosen 100% into Aviva Diversified Assets Fund I
OR
75% into Aviva Diversified Assets Fund I
25% into Aviva Deposit fund

Is this your workplace pension scheme’s default investment?

If your employer is using this approach as the default investment for their scheme, your employer will have picked which funds to use, as well as when your money will be switched between them.
For full details, please ask your employer or read your policy information.

Please be aware that the value of investments can go down as well as up, so the value of your pension could be less than the amount paid in. As this investment approach works automatically and your money is moved on set dates, it may not move at a time that would give you the best return on your investment. We’ll write to you before we start moving your funds - and you can change your investment choice at any time.

5. Choose your own funds

Risk/return rating: Varies, depending on which funds you choose (our risk/return ratings)

Overview: A very hands-on option, designed for experienced investors who are comfortable making their own investment decisions.

How it works: Choose up to 50 investment funds to create a portfolio that’s suited to you. Take your pick from our full range of funds from some of the world’s top investment companies. (Your employer may also offer a smaller, ‘core’ fund range for you to choose from. Check the pension scheme information they’ve given you for details.) If you choose this investment option, it’s important you review your choices at regular intervals.

Please be aware that the value of investments can go down as well as up, so the value of your pension plan could be less than the amount paid in.

Want to change your investment choice?

Changing your investment choice is easy. There are two ways you can do it:

  1. Online: register or log in to Pension Tracker
  2. By phone: call our group pension helpdesk on 0800 145 5744 (Monday to Friday, 9am to 5pm).

 

WC03112 10/2016

Choosing your own funds?

Read through our fund factsheets and performance data before deciding which ones to pick.

Risk/return ratings

The risk/return ratings we give each investment fund - and what they mean.

Ask us

Have a question?

Browse our FAQs

FAQ Categories

Contact Us

If you have any questions please call us on

0800 145 5744

Monday - Friday
9.00am - 5.00pm

We may monitor and/or record calls to and from Aviva.

Need some advice?

If you’d like a hand deciding where to invest your money, a financial adviser could help.